Power Metal confirms uranium potential on Beaverlodge properties
London-listed Power Metal Resources has determined that its Clearwater and Thibault Lake uranium properties in Saskatchewan’s Beaverlodge uranium district host multiple occurrences of solid uranium mineralization in veins.
Sample analyzes indicate grades of up to 0.63% triuranium octoxide and 6.6% triuranium octoxide, respectively for the Clearwater and Thibault properties.
The majority of sediment samples collected from both properties are considered strongly anomalous for uranium.
The Company adds that the results of a review of historical data complement and support the strong uranium mineralization identified during Power Metal’s ground exploration conducted on the properties in the last quarter of 2021.
CEO Paul Johnson indicates that the two properties host structurally related “Beaverlodge” type uranium mineralization, with Clearwater also having a historical deposit with a nonconforming uranium resource of 65,000 pounds at an average grade of 0.83% octoxide. triuranium.
“The results of our technical review of both properties confirm significant uranium prospecting and ample potential for future exploration work.
“It is important to note that we have completed a comprehensive technical data review for all seven properties in the Power Metal Athabasca region, and all seven demonstrated significant uranium prospectivity.
Power Metal now has seven data rooms available, which can be used for discussions with external third parties, as well as for internal exploration planning.